Gift Your Child a Secured Future in this New Year

The most important financial goal for a parent is to invest and save for their children’s future. It must be one of the most important aspects of financial planning for a parent. So, you can gift insurance plan to their children meeting their future requirements. Child plans bring home a bundle of joy further acting as a source of responsibility. It is a fundamental obligation of a parent to build a corpus for future of your children and in order to build corpus with a clear time frame, child plans help you to meet your financial goals and fulfilling your obligations as well. 

Read more
Best Child Saving Plans
  • Insurer pays your premiums in your absence

  • Invest ₹10k/month and your child gets ₹1 Cr tax free*

  • Save upto ₹46,800 in tax under Section 80(C)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Child Plans

Children insurance plans behave like a regular life insurance policy and are designed in a way that they meet the needs of a child at certain specific stages. You can develop a goal based strategy such that your insurance policy matures at the time when your financial goal materializes. You can use a child plan to develop a lump sum amount over a period of time. Some insurance plans also provide fixed sum of amounts at regular intervals in order to meet specific education requirements.

From a very early age, parents can start investing in a child insurance plan. A parent can decide to invest in a child plan in order to save funds for their children’s wedding, training and other monetary needs of the children. The various children insurance plans accessible in the market, provides a tax advantage as well including serving the basic requirement of a long term insurance plan. The available Child Plans comes up with built-in flexibilities which keep the policy active and renounce off the premium even after the death of the parents. These options are enormously useful as no other financial instrument offers such kind of flexible options. So, as an investor children plan can work wonders as well fulfilling two aspects in one policy i.e. investment and security to the children.

There are two types of children insurance plans available in the country- endowment based funds and Unit linked insurance plans (ULIPs). Endowment plans depend largely on the insurer’s performance and thus you have to depend upon bonus largely. As endowment plans principally invest in debt instruments, an individual can’t expect high returns. ULIPs on the other hand invest their built corpus in equity markets and thus can expect high rate of returns but they are considered as volatile as equity markets are themselves volatile.  But they range from conservative to aggressive options and you can decide accordingly.

So, an individual can secure their children’s future by purchasing child insurance plan. You can believe that it is a guaranteed product that provides money to the child when they need it the most. You can buy a child insurance plan online via preferred provider website or through insurance aggregators which has emerged as the most convenient source of buying it. Further, you can compare insurance premiums via comparison tools provided by these insurance aggregators helping you to buy the best policy available.

Child plans articles

Recent Articles
Popular Articles
Which Is The Best Plan For Girl Child?

30 May 2022

Picking the best plan for your daughter may seem like a task but...
Read more
Government Child Education Plan

30 May 2022

India is a country that witnesses a huge school drop-out rate of...
Read more
15 Year Child Education Insurance Plan

30 May 2022

Child life insurance policies are used to build a fund to cover...
Read more
Triple Benefit Child Plan

30 May 2022

These are child plans that offer combined benefits of a life...
Read more
Child Care Plan

30 May 2022

A comprehensive child care plan should be a combination of both...
Read more
Best Child Investment Plans to Invest in 2022
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial...
Read more
LIC Policy for Girl Child in India
A child insurance plan is a plan that acts as a blend of investment and savings while also providing the child...
Read more
Prime Minister Schemes For Boy Child
Like the Prime Minister’s Sukanya Samriddhi Yojana savings scheme for a girl child, there are several...
Read more
Best Child Insurance Plans in India
A child insurance plan is a combination of savings and insurance, which help the individuals to plan for the...
Read more
Post Office Child Plans
Individuals can open post office savings account for their children and earn interest at a rate of 4% to nearly...
Read more
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL